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Dollar funding crisis reaches...Switzerland. This isn't (just) Credit Suisse, though.

Eurodollar University

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Introduction

Last week the Federal Reserve reported that the Bank of Switzerland had drawn $3.1 billion in overseas dollar swaps. It was the first major draw on dollar swaps since the end of last year. The results for next weeks or what will be tomorrow's today's dollar auction from the Swiss National Bank and is double the size of last week, we're up to $6 billion.

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